Ukraine-based vertically integrated mining and steel group Metinvest has announced that it has secured a USD 300 million 3 year pre export finance facility. The interest margin is 5.25% per annum over the LIBOR rate while there is a grace period of one year. The facility will be used to fund the company's capital expenditure program and for general corporate purposes.
Deutsche Bank AG acted as coordinating mandated lead arranger and bookrunner while Natixis and ING Bank NV acted as initial mandated lead arrangers and bookrunners while Raiffeisen Bank International AG acted as mandated lead arranger.